Library Foundation of Kanawha County Inc

Analysis

Library Foundation of Kanawha County Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Library Foundation of Kanawha County Inc reported income of $693k and spending of $832k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $719k to $693k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2020, when income rose by 1291%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Library Foundation of Kanawha County Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include Scott County Community Foundation Inc ($692k), Life Ring Foundation ($693k) and A Hope to Dream Inc ($691k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 9.4% of the total. At year end it held assets of $12.4m against liabilities of $54k, net assets of $12.3m.